I read an interesting SO discussion on putting separate projects in their own repos or not. But my question is about a single project, which has code, and then a lot of artwork - hundreds of Mb at least. At a simple usability level, it's annoying that telling a developer to "go get a working copy" means waiting ages for the whole art section to download. And I'm concerned this is going to be a big bloat when we use branches more.
Conceptually it's one project. But when I've worked with repos which expect me to individually get working copies of several sub-directories, things seem to screw up somehow. Through user error most likely, but the whole point is to make suer errors less easy to make!
Another problem I seem to remember is setting per-user permissions on sub-directories won't let people simply get a working copy of the repo, with the unauthorized folders omitted. Instead, it just breaks... I don't really want my artists able to change (or even see) code.